extra explanation on point two please
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extra explanation on point two please
Give an example journal entry for each of the following...
Give an example journal entry for each of the following transactions recorded in proper general journal...
Give an example journal entry for each of the following transactions recorded in proper general journal form, including the AT, AI,Lt,LT, OEJOEf arrows. Cash purchase of a long-term asset that includes an asset retirement obligation, One self-constructed asset that will not be completed by the end of the year which includes at least 2 expenditures during the fiscal year, One impairment of existing goodwill or another long-term asset that is held and used, Depreciation for each remaining quarter - you...
General journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
General journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accumulated Depreciation—Vehicles
Accumulated Other Comprehensive Income
Additional Paid-In Capital, Common Stock
Additional Paid-In Capital, Preferred Stock
Additional Paid-In Capital, Treasury Stock
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Building
Cash
Cash Equivalents
Cash Overage
Cash Shortage
Charitable Contributions Payable
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Discount on Bonds Payable...
Please confirm the journal entry for above. The interest expense is $3600. Please answer with explanation...
Please confirm the journal entry for above. The interest expense is
$3600. Please answer with explanation and working.
The long-term note payable bears interest of 12% per year. The unadjusted Interest Expense account equals to the amount accrued for the first three quarters of the 2012 fiscal year. The accrued interest for the last quarter has not yet been paid nor recorded.
General Journal entry options: No Journal Entry Required Accounts Payable Accounts Receivable Ac...
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
of this journal entry is to by an accrued expense (c) a an unexpired cost. expense...
of this journal entry is to by an accrued expense (c) a an unexpired cost. expense 7. interest payable. The purpose O- record (a) a deferred expense (b) an contingent liability (d) an unexp2 As generally used, the term "net ass (a) retained earnings of a corpo less current liabilities (e) assets less total liabilities (e) none ng to the conceptual framework, "confirmatory value a characteristic of understandability a (b) representation faithful elevance (a) both relevance and faithful representation. Sed,...
---What are the journal entries to these business transactions? 11 1) CORPORATION RECEIVED CASH AND ISSUED...
---What are the journal entries
to these business transactions?
11 1) CORPORATION RECEIVED CASH AND ISSUED COMMON STOCK IN THE 12 AMOUNT OF $500,000 14 2) CASH IN THE AMOUNT OF $40,000 WAS RECEIVED FOR SERVICES 15 THAT WILL BE PERFORMED IN FEBRUARY 173) RECORD ONE MONTH REVENUE EARNED FOR SERVICES 18 DEFERRED IN AN EARLIER MONTH 19 SEE EXISTING BALANCE IN THE T ACCOUNT) 21 4) SOLD WIDGETS ON ACCOUNT IN THE AMOUNT OF 22 $220,000. THE COST WAS...
Journal Entry please Circle the best answer to each of the following questions. 1. When a...
Journal Entry please
Circle the best answer to each of the following questions. 1. When a company has performed services for a client but has not yet received payment, it: a. makes no entry until the cash is received. b. debits Accounts Receivable and credits Revenue. c. debits Accounts Payable and credits Revenue. d. debits Cash and credits Accounts Receivable. 2. Brewer Company's controller accidentally erased the 8/1/20 balance for the Cash account. However, she can see that the 8/31/20...
please complete a-k journal entry. t-accounts Required information [The following information applies to the questions displayed...
please complete a-k journal entry.
t-accounts
Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year). Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment $ 2,100 Accounts payable 610 Unearned revenue 3,770 Salaries Payable 350 Short-term note payable 4,920 Common stock ($1 par...
Please fill out the journal entry and then fill out the blue section of the worksheet...
Please fill out the journal
entry and then fill out the blue section of the worksheet entry
based on the information which is in blue. This is an accounting
project 1 part 2. Please complete this as soon as possible. Thank
you.
BEGINNING NUMBERS JANUARY ENTRIES ADJUSTMENTS ADJUSTED TRIAL BALANCE 49,200 37586 8950 63.210 11500 5.650 9,000 UNADJUSTED TRIAL BALANCE 74,824 2,550 16,240 9,000 58,300 67,500 10530 58,300 67,500 8.950 8,950 10,530 10,5901 5650 5,650 Cash Accounts Receivable Supplies Prepaid...
journal entry worksheet financial accounting Required information The following information applies to the questions displayed below.)...
journal entry worksheet financial accounting
Required information The following information applies to the questions displayed below.) of 9 Allson and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Debit Credit eBook Print Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes...
Give an example journal entry for each of the following transactions recorded in proper general journal form, including the AT, AI,Lt,LT, OEJOEf arrows. Cash purchase of a long-term asset that includes an asset retirement obligation, One self-constructed asset that will not be completed by the end of the year which includes at least 2 expenditures during the fiscal year, One impairment of existing goodwill or another long-term asset that is held and used, Depreciation for each remaining quarter - you...
General journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accumulated Depreciation—Vehicles
Accumulated Other Comprehensive Income
Additional Paid-In Capital, Common Stock
Additional Paid-In Capital, Preferred Stock
Additional Paid-In Capital, Treasury Stock
Advertising Expense
Allowance for Doubtful Accounts
Amortization Expense
Bad Debt Expense
Bonds Payable
Building
Cash
Cash Equivalents
Cash Overage
Cash Shortage
Charitable Contributions Payable
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Discount on Bonds Payable...
Please confirm the journal entry for above. The interest expense is
$3600. Please answer with explanation and working.
The long-term note payable bears interest of 12% per year. The unadjusted Interest Expense account equals to the amount accrued for the first three quarters of the 2012 fiscal year. The accrued interest for the last quarter has not yet been paid nor recorded.
General Journal entry options:
No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable...
of this journal entry is to by an accrued expense (c) a an unexpired cost. expense 7. interest payable. The purpose O- record (a) a deferred expense (b) an contingent liability (d) an unexp2 As generally used, the term "net ass (a) retained earnings of a corpo less current liabilities (e) assets less total liabilities (e) none ng to the conceptual framework, "confirmatory value a characteristic of understandability a (b) representation faithful elevance (a) both relevance and faithful representation. Sed,...
---What are the journal entries
to these business transactions?
11 1) CORPORATION RECEIVED CASH AND ISSUED COMMON STOCK IN THE 12 AMOUNT OF $500,000 14 2) CASH IN THE AMOUNT OF $40,000 WAS RECEIVED FOR SERVICES 15 THAT WILL BE PERFORMED IN FEBRUARY 173) RECORD ONE MONTH REVENUE EARNED FOR SERVICES 18 DEFERRED IN AN EARLIER MONTH 19 SEE EXISTING BALANCE IN THE T ACCOUNT) 21 4) SOLD WIDGETS ON ACCOUNT IN THE AMOUNT OF 22 $220,000. THE COST WAS...
Journal Entry please
Circle the best answer to each of the following questions. 1. When a company has performed services for a client but has not yet received payment, it: a. makes no entry until the cash is received. b. debits Accounts Receivable and credits Revenue. c. debits Accounts Payable and credits Revenue. d. debits Cash and credits Accounts Receivable. 2. Brewer Company's controller accidentally erased the 8/1/20 balance for the Cash account. However, she can see that the 8/31/20...
please complete a-k journal entry.
t-accounts
Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year). Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses office equipment Accumulated depreciation-office equipment $ 2,100 Accounts payable 610 Unearned revenue 3,770 Salaries Payable 350 Short-term note payable 4,920 Common stock ($1 par...
Please fill out the journal
entry and then fill out the blue section of the worksheet entry
based on the information which is in blue. This is an accounting
project 1 part 2. Please complete this as soon as possible. Thank
you.
BEGINNING NUMBERS JANUARY ENTRIES ADJUSTMENTS ADJUSTED TRIAL BALANCE 49,200 37586 8950 63.210 11500 5.650 9,000 UNADJUSTED TRIAL BALANCE 74,824 2,550 16,240 9,000 58,300 67,500 10530 58,300 67,500 8.950 8,950 10,530 10,5901 5650 5,650 Cash Accounts Receivable Supplies Prepaid...
journal entry worksheet financial accounting
Required information The following information applies to the questions displayed below.) of 9 Allson and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Debit Credit eBook Print Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes...
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